CASEY'S GENERAL STORES INC (CASY) Fundamental Analysis & Valuation

NASDAQ:CASY • US1475281036

685 USD
-4.92 (-0.71%)
At close: Mar 11, 2026
681 USD
-4 (-0.58%)
After Hours: 3/11/2026, 8:00:03 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CASY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall CASY gets a fundamental rating of 5 out of 10. We evaluated CASY against 38 industry peers in the Consumer Staples Distribution & Retail industry. While CASY has a great profitability rating, there are some minor concerns on its financial health. CASY is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. CASY Profitability Analysis

1.1 Basic Checks

  • CASY had positive earnings in the past year.
  • CASY had a positive operating cash flow in the past year.
  • In the past 5 years CASY has always been profitable.
  • In the past 5 years CASY always reported a positive cash flow from operatings.
CASY Yearly Net Income VS EBIT VS OCF VS FCFCASY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • CASY's Return On Assets of 7.07% is fine compared to the rest of the industry. CASY outperforms 73.68% of its industry peers.
  • CASY's Return On Equity of 15.94% is fine compared to the rest of the industry. CASY outperforms 65.79% of its industry peers.
  • The Return On Invested Capital of CASY (9.40%) is better than 71.05% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CASY is significantly below the industry average of 28.43%.
Industry RankSector Rank
ROA 7.07%
ROE 15.94%
ROIC 9.4%
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.59%
ROIC(5y)9.24%
CASY Yearly ROA, ROE, ROICCASY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • With an excellent Profit Margin value of 3.58%, CASY belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CASY has grown nicely.
  • Looking at the Operating Margin, with a value of 5.39%, CASY belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
  • CASY's Operating Margin has improved in the last couple of years.
  • CASY has a Gross Margin (24.00%) which is comparable to the rest of the industry.
  • CASY's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 5.39%
PM (TTM) 3.58%
GM 24%
OM growth 3Y10.42%
OM growth 5Y3.74%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
CASY Yearly Profit, Operating, Gross MarginsCASY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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4

2. CASY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CASY is creating some value.
  • The number of shares outstanding for CASY has been increased compared to 1 year ago.
  • The number of shares outstanding for CASY has been increased compared to 5 years ago.
  • Compared to 1 year ago, CASY has a worse debt to assets ratio.
CASY Yearly Shares OutstandingCASY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
CASY Yearly Total Debt VS Total AssetsCASY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 6.17 indicates that CASY is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of CASY (6.17) is better than 86.84% of its industry peers.
  • CASY has a debt to FCF ratio of 3.60. This is a good value and a sign of high solvency as CASY would need 3.60 years to pay back of all of its debts.
  • CASY has a better Debt to FCF ratio (3.60) than 63.16% of its industry peers.
  • CASY has a Debt/Equity ratio of 0.62. This is a neutral value indicating CASY is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CASY (0.62) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 3.6
Altman-Z 6.17
ROIC/WACC1.12
WACC8.37%
CASY Yearly LT Debt VS Equity VS FCFCASY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.05 indicates that CASY should not have too much problems paying its short term obligations.
  • CASY's Current ratio of 1.05 is on the low side compared to the rest of the industry. CASY is outperformed by 60.53% of its industry peers.
  • A Quick Ratio of 0.65 indicates that CASY may have some problems paying its short term obligations.
  • CASY has a Quick ratio (0.65) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 0.65
CASY Yearly Current Assets VS Current LiabilitesCASY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CASY Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 21.39% over the past year.
  • Measured over the past years, CASY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.57% on average per year.
  • Looking at the last year, CASY shows a small growth in Revenue. The Revenue has grown by 7.25% in the last year.
  • The Revenue has been growing by 11.68% on average over the past years. This is quite good.
EPS 1Y (TTM)21.39%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%49.79%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%0.32%

3.2 Future

  • Based on estimates for the next years, CASY will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.05% on average per year.
  • The Revenue is expected to grow by 6.79% on average over the next years.
EPS Next Y21.44%
EPS Next 2Y16.21%
EPS Next 3Y14.18%
EPS Next 5Y11.05%
Revenue Next Year9%
Revenue Next 2Y7.16%
Revenue Next 3Y6.54%
Revenue Next 5Y6.79%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CASY Yearly Revenue VS EstimatesCASY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
CASY Yearly EPS VS EstimatesCASY Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10 20 30

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2

4. CASY Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 39.32, which means the current valuation is very expensive for CASY.
  • Based on the Price/Earnings ratio, CASY is valued a bit more expensive than the industry average as 65.79% of the companies are valued more cheaply.
  • CASY's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.15.
  • The Price/Forward Earnings ratio is 34.64, which means the current valuation is very expensive for CASY.
  • CASY's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, CASY is valued a bit more expensive.
Industry RankSector Rank
PE 39.32
Fwd PE 34.64
CASY Price Earnings VS Forward Price EarningsCASY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 65.79% of the companies in the same industry are cheaper than CASY, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CASY is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 37.22
EV/EBITDA 20.44
CASY Per share dataCASY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CASY does not grow enough to justify the current Price/Earnings ratio.
  • CASY has a very decent profitability rating, which may justify a higher PE ratio.
  • CASY's earnings are expected to grow with 14.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.83
PEG (5Y)2.53
EPS Next 2Y16.21%
EPS Next 3Y14.18%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. CASY Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.34%, CASY is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.70, CASY pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, CASY's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.34%

5.2 History

  • The dividend of CASY is nicely growing with an annual growth rate of 9.28%!
  • CASY has paid a dividend for at least 10 years, which is a reliable track record.
  • CASY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.28%
Div Incr Years25
Div Non Decr Years34
CASY Yearly Dividends per shareCASY Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • CASY pays out 12.85% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CASY is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP12.85%
EPS Next 2Y16.21%
EPS Next 3Y14.18%
CASY Yearly Income VS Free CF VS DividendCASY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M
CASY Dividend Payout.CASY Dividend Payout, showing the Payout Ratio.CASY Dividend Payout.PayoutRetained Earnings

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CASY Fundamentals: All Metrics, Ratios and Statistics

CASEY'S GENERAL STORES INC

NASDAQ:CASY (3/11/2026, 8:00:03 PM)

After market: 681 -4 (-0.58%)

685

-4.92 (-0.71%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)03-09
Earnings (Next)06-08
Inst Owners89.42%
Inst Owner Change9.79%
Ins Owners0.5%
Ins Owner Change-2.51%
Market Cap25.39B
Revenue(TTM)15.94B
Net Income(TTM)607.10M
Analysts79.17
Price Target663.35 (-3.16%)
Short Float %2.04%
Short Ratio2.1
Dividend
Industry RankSector Rank
Dividend Yield 0.34%
Yearly Dividend1.95
Dividend Growth(5Y)9.28%
DP12.85%
Div Incr Years25
Div Non Decr Years34
Ex-Date05-01
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.8%
Min EPS beat(2)4.87%
Max EPS beat(2)12.74%
EPS beat(4)4
Avg EPS beat(4)15.92%
Min EPS beat(4)4.87%
Max EPS beat(4)32.23%
EPS beat(8)8
Avg EPS beat(8)14.91%
EPS beat(12)11
Avg EPS beat(12)13.73%
EPS beat(16)14
Avg EPS beat(16)12.62%
Revenue beat(2)1
Avg Revenue beat(2)-0.66%
Min Revenue beat(2)-1.7%
Max Revenue beat(2)0.38%
Revenue beat(4)2
Avg Revenue beat(4)0.28%
Min Revenue beat(4)-1.7%
Max Revenue beat(4)2.81%
Revenue beat(8)3
Avg Revenue beat(8)-1.5%
Revenue beat(12)3
Avg Revenue beat(12)-1.86%
Revenue beat(16)3
Avg Revenue beat(16)-1.77%
PT rev (1m)1.76%
PT rev (3m)12.17%
EPS NQ rev (1m)1.27%
EPS NQ rev (3m)12.05%
EPS NY rev (1m)0.99%
EPS NY rev (3m)6.44%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.75%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 39.32
Fwd PE 34.64
P/S 1.5
P/FCF 37.22
P/OCF 20.18
P/B 6.67
P/tB 9.99
EV/EBITDA 20.44
EPS(TTM)17.42
EY2.54%
EPS(NY)19.77
Fwd EY2.89%
FCF(TTM)18.4
FCFY2.69%
OCF(TTM)33.94
OCFY4.96%
SpS457.77
BVpS102.77
TBVpS68.6
PEG (NY)1.83
PEG (5Y)2.53
Graham Number200.7
Profitability
Industry RankSector Rank
ROA 7.07%
ROE 15.94%
ROCE 12.27%
ROIC 9.4%
ROICexc 10.06%
ROICexgc 12.3%
OM 5.39%
PM (TTM) 3.58%
GM 24%
FCFM 4.02%
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.59%
ROIC(5y)9.24%
ROICexc(3y)10.13%
ROICexc(5y)9.8%
ROICexgc(3y)12.06%
ROICexgc(5y)11.37%
ROCE(3y)12.52%
ROCE(5y)12.06%
ROICexgc growth 3Y4.56%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y2.77%
ROICexc growth 5Y-2.09%
OM growth 3Y10.42%
OM growth 5Y3.74%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
F-Score9
Asset Turnover1.98
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 3.6
Debt/EBITDA 1.75
Cap/Depr 133.04%
Cap/Sales 3.39%
Interest Coverage 7.72
Cash Conversion 93.4%
Profit Quality 112.37%
Current Ratio 1.05
Quick Ratio 0.65
Altman-Z 6.17
F-Score9
WACC8.37%
ROIC/WACC1.12
Cap/Depr(3y)142.29%
Cap/Depr(5y)140.17%
Cap/Sales(3y)3.28%
Cap/Sales(5y)3.49%
Profit Quality(3y)90.52%
Profit Quality(5y)104.68%
High Growth Momentum
Growth
EPS 1Y (TTM)21.39%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%49.79%
EPS Next Y21.44%
EPS Next 2Y16.21%
EPS Next 3Y14.18%
EPS Next 5Y11.05%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%0.32%
Revenue Next Year9%
Revenue Next 2Y7.16%
Revenue Next 3Y6.54%
Revenue Next 5Y6.79%
EBIT growth 1Y19.52%
EBIT growth 3Y18.33%
EBIT growth 5Y15.86%
EBIT Next Year83.19%
EBIT Next 3Y29.22%
EBIT Next 5Y20.46%
FCF growth 1Y69.52%
FCF growth 3Y8.15%
FCF growth 5Y55.02%
OCF growth 1Y43.36%
OCF growth 3Y11.42%
OCF growth 5Y16.69%

CASEY'S GENERAL STORES INC / CASY FAQ

What is the fundamental rating for CASY stock?

ChartMill assigns a fundamental rating of 5 / 10 to CASY.


Can you provide the valuation status for CASEY'S GENERAL STORES INC?

ChartMill assigns a valuation rating of 2 / 10 to CASEY'S GENERAL STORES INC (CASY). This can be considered as Overvalued.


What is the profitability of CASY stock?

CASEY'S GENERAL STORES INC (CASY) has a profitability rating of 7 / 10.


How financially healthy is CASEY'S GENERAL STORES INC?

The financial health rating of CASEY'S GENERAL STORES INC (CASY) is 4 / 10.


What is the expected EPS growth for CASEY'S GENERAL STORES INC (CASY) stock?

The Earnings per Share (EPS) of CASEY'S GENERAL STORES INC (CASY) is expected to grow by 21.44% in the next year.